420 Bouchelle Dr APT 204New Smyrna BeachFL32169
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New Smyrna Beach at 420 Bouchelle Dr APT 204, New Smyrna Beach, FL, 32169 listed at $449,900 pairs $5,329/mo rent with a $2,202/mo payment to leave $2,343/mo cash flow. Total monthly income runs $5,329/mo, and annual cash flow reaches $28,121/yr on $149,142 cash to close. Return on cash invested measures 38.76% in year one, and rental yield registers 14.21% at a $449,900 basis. Equity gained on principal adds $2,903/yr, and annual property appreciation at 5% supports $124,299 by year five. Five-year ROI tracks 204.55% and total cumulative return in cash totals $305,074. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,329/mo property income relative to a $2,202/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
8,569 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32169, New Smyrna Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,709 (100%) |
| Owner Occupied HU | 4,846 (41.4%) |
| Renter Occupied HU | 910 ( 7.8%) |
| Vacant Housing Units | 5,953 (50.8%) |
| Median Home Value | $580,722 |
| Average Home Value | $661,502 |
Housing Distribution
Address Breakdown
Residential
10,598
Single Family
5,389
Multi-Family
5,209
Businesses
383
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Listed by: Solveig Cumston • ENGEL & VOLKERS OCALA
Mls Name: Stellar MLS
Mls ID: #OM701337